Verizon Wireless Leases Retail Space At 3549 Broadway From Landlord Ari Goodman In Washington Heights
3549 Broadway
$120
$120/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 1, 2024
About this deal
AI
The property asset involved in this transaction is a retail space located at 3549 Broadway in the Washington Heights market. The asking rent for this space is $120 per square foot, and it encompasses a total area of 2,500 square feet. The lease type for this property is a retail lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Lease Type: Retail Lease
- Address: 3549 Broadway
- Market: Washington Heights
- Landlord: Ari Goodman
- Tenant: Verizon Wireless
- Brokers: Solomon Sharaby & Selim Sabbagh - KSR
The individuals involved in this transaction include landlord Ari Goodman and tenant Verizon Wireless, with representation by brokers Solomon Sharaby and Selim Sabbagh from KSR. This lease transaction reflects the collaboration between the parties to finalize the agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93